Investment Overview

1043 5th St is a stunning 4-unit apartment complex located in the thriving city of Monterey, California. Situated on a large 5,000 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 3,727 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom oor plans. The subject property is strategically situated offering residents and tenants easy access to El Estro Park (1 block), the Naval Postgraduate School (3 blocks), Monterey Peninsula College (5 blocks), Old Fisherman's Wharf (1 mi). Additionally, Downtown Monterey is located within walking distance to 1043 5th St (0.7 mi), and is home to a myriad of high- end shopping, entertainment and dining options including Alvarado Street Brewery, Rosine’s Restaurant, Epsilon, Montrio, Cibo, Stokes Adobe Restaurant, as well as numerous others. Tenants also enjoy convenient access to transportation corridors including U.S. Route 1, California State Route 68, as well as other modes of transportation including the Monterey-Salinas Transit (MST), providing an inexpensive, hassle free commute to the regions major employers end entertainment centers on the Peninsula and throughout Monterey County. The investment appeal of this asset is driven by Monterey’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Monterey, 1043 5th St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.